Empyrean Spotlights Production Rates at Sugarloaf Proj.

Empyrean provided the following update on operations and production at the Sugarloaf Project within the Sugarkane Gas & Condensate Field, Texas.

Production Data

The following wells have been on production for a period of 30 or 60 days and Empyrean is pleased to provide the market with an update on produced volumes during that period:

Well Name Working Interest Total Gas Production (mscf) Total Condensate Production (bbls) Average Daily Equivalent Oil Rate (boepd)
Yosko Borgfield #1H - 30 day 1.51% 11,802 20,270 854
Turnbull #6H - 60 day 1.02% 66,636 35,544 724
Best Fenner #1H - 60 day 3.0% 75,533 36,728 822
Pfeifer #1H - 60 day 1.90% 30,728 42,106 883
Yosko Borgfield - 60 day 1.51% 39,535 38,233 798
Brysch Jonas - 60 day 3.0% 32,208 39,049 796

 

In addition the following operations have taken place:

  • Holland Brown #1H (3.0% WI) - The well has been fracture stimulated and will shortly be flowing to sales.
  • Holland Opiela #1H (0.35% WI) - The well is presently being fracture stimulated.
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Brent Crude Oil : $53.61/BBL 2.09%
Light Crude Oil : $50.33/BBL 1.98%
Natural Gas : $3.26/MMBtu 2.51%
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